“Despite much speculation of a Bay Area exodus, ApartmentList found that the percentage of renters who are currently living in the San Francisco metro and looking to move elsewhere has remained largely stable, increasing only very slightly from 31.6 percent at this time last year to the current rate of 32.1 percent. The demand for Bay Area apartments falling, it seems, is due to the fact that the region is simply attracting fewer new residents from elsewhere, as opposed to seeing existing renters leaving the area.”
— Read more www.sfgate.com/realestate/article/san-francisco-rents-still-declining-study-shows-15528773.php